By Foo Yun Chee
By Foo Yun Chee
BRUSSELS, Jan 31 (Reuters) – EssilorLuxottica’s ESLX.PA 7.2 billion euro ($eight billion) bid for Dutch opticians group GrandVision GVNV.AS faces a full-scale EU antitrust investigation after it declined to supply concessions to handle issues, folks accustomed to the matter stated on Friday.
EssilorLuxottica, shaped final yr from the merger of French lens maker Essilor and Italian eyewear group Luxottica, gave up the possibility to supply concessions on Thursday, the deadline for doing so, the European Fee web site confirmed.
Final yr’s deal additionally triggered an investigation and suggestions from almost 4,000 opticians however was ultimately cleared unconditionally.
The brand new deal will give EssilorLuxottica management of greater than 7,000 shops worldwide.
The Fee, which can open the full-scale probe following the top of its preliminary evaluate on Feb. 6, and EssilorLuxottica declined to remark. Its shares dipped on the…